Market Research Reports : Transparency Market Researchpublished
new market report "Motor Vehicle Sensor Market - Global Industry
Analysis, Size, Share, Growth and Forecast, 2012 - 2018," the global
motor vehicle sensors market is expected to reach a value of USD 25.4
billion by 2018, at a CAGR of 11.9% from 2012 to 2018. Asia Pacific held
more than 40% share in the global motor vehicle sensors market in 2012
and is expected to continue dominating the global market in the coming
years. The need for control and safety measures in motor vehicles is
driving the market for motor vehicle sensors, globally. In addition, the
rise in income levels and need for motor vehicles with advanced
features are expected to contribute to the growth of the motor vehicle
sensors market.

The
applications of motor vehicle sensors include engine and drivetrain,
safety and security, and emission control applications along with other
smaller applications. Engine and drivetrain application is the largest
application segment and accounted for 34% share of the total motor
vehicle sensors market in 2012. This segment is expected to reach a
value exceeding USD 8.2 billion by 2018. Safety and security application
is expected to remain the fastest growing segment for this market, and
is expected to grow at a CAGR of 12.9% during the forecast period.

There
are different types of sensors used in motor vehicles depending on
their end use. The major product segments of motor vehicle sensors
include - physical property sensors, process variable sensors, proximity
and positioning sensors, chemical property sensors, and other sensors.
Physical property sensors are widely deployed in motor vehicles since
they are used to measure vital physical properties such as force, speed,
and vibration among others.

Physical
property sensors is the largest product segment of the motor vehicle
sensors market and is expected to exceed a value of USD 8 billion by
2018, at a CAGR of 12.1% during the forecast period. Proximity sensors
are used in motor vehicles for detecting the presence of any nearby
objects without any physical contact, while positioning sensors help in
detecting the exact position of the vehicle. Proximity and positioning
sensors is the fastest growing segment in this market, registering a
CAGR of 12.6% during the same forecast period. High growth of this
segment is the result of increased focus on vehicle safety from
accidents and thefts.

Some
of the major players manufacturing motor vehicle sensors include Bosch,
Denso, Valeo, Continental AG, Delphi Automotives, and Hitachi
Automotives, among others. Bosch was leading the global motor vehicle
sensors market with 13.0% share followed by Denso in 2011.

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